Episode 97 - Exploring the new Div 296 tax rules Part 1

Описание: Exploring the New Div 296 Tax Rules | Feeling Smarter Episode 97

In this week's episode, Aaron Dunn and Tim Miller dive deep into the latest developments surrounding the revised Division 296 tax measures. With the consultation period closing this week, they discuss how the proposed legislation has shifted from its original form and what these changes mean for the SMSF sector.

Aaron and Tim unpack the move away from a "singular approach" toward a dual system that recognises the differences between small funds and APRA funds. They also highlight critical updates regarding unrealised capital gains, the introduction of TSB value, and the newly identified "three phases" of the legislation’s rollout starting July 1, 2026.

Key Discussion Points:
A Dual Approach: Why Treasury is now treating SMSFs and APRA funds differently regarding the allocation of earnings.

Removal of Unrealized Gains: How the exclusion of unrealised capital gains impacts tax outcomes and the critical role of liquidity.

The Death Exclusion Shift: Concerns regarding the apparent removal of the death exclusion in the current draft.

The Three Phases of Implementation: Navigating from pre-commencement, the transition year from 1 July 2026 and the full operation of the laws from July 1, 2027.

Accounting Science: The shift from simple TSB movements to a more granular accounting and attribution model.

Stay Informed & Register Now:
Don't miss our State of SMSF 2026 address for more deep dives into Div 296 and the year ahead. We are also gearing up for our SMSF Days (March 17–31), where Div 296 will be a core topic.

👉 Register for early bird tickets here: smartersmsf.com/smsfday